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Sandvik AB Launches New Delivery Model for Parts of Transactional Finance by Transferring It to Capgemini; Announces Possible Redundancies

Thursday, 11 Apr 2013 03:04am EDT 

Sandvik AB announced that the Company is to implement a new shared service delivery model for parts of its transactional finance. Parts of the transactional processes will be transferred to and delivered by an external business process outsourcing (BPO) service provider, Capgemini. Sandvik has signed a five-year contract with Capgemini to handle the transactional finance rule-based and repeatable processes. The Company's ambition is to utilize Sandvik's common resources better and to develop a more efficient finance organization. The new model will be implemented during 2013-2015 in 29 countries and involves all Sandvik‚Äôs Business Areas. The Company also informed that as a consequence, it is likely there will be redundancies. The numbers of employees being affected directly due to outsourcing depends on how these changes will be implemented in each country. The changes will be discussed with the employee representatives. 

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-0.8 -1.00%
11:11am EDT